CAPIS Morning Notee – 2/11/21: Futures Higher, Impeachment Proceedings Continue

Covid-19 Statistics:  Total Cases 27,063,243 from 26,968,049 Deaths 461,695 from 458,250 New Tests 1,393,156 from 1,611,368 New Cases 95,194 from 92,986 with positivity rate of 6.8% (up 1.1) Daily Deaths 2,795 Current Hospitalizations 76,979 from 79,179 Capital Raises: IPOs Priced or News: Bumble (BMBL) priced at $43. Apria (APR) priced at $20 mid range. Bioventus…

Covid-19 Statistics: 

Total Cases 27,063,243 from 26,968,049

Deaths 461,695 from 458,250

New Tests 1,393,156 from 1,611,368

New Cases 95,194 from 92,986 with positivity rate of 6.8% (up 1.1)

Daily Deaths 2,795

Current Hospitalizations 76,979 from 79,179

Capital Raises:

IPOs Priced or News: Bumble (BMBL) priced at $43. Apria (APR) priced at $20 mid range. Bioventus (BVS) priced at $13.

Secondaries Priced: COMS VJET OMF KALV ONTX EMKR OSH of note.

Notes Priced of note: None  of note.

Common Stock filings: TVTX ONTX APLT ARCC TXMD TRNO HR APPH of note.

Selling Shareholders of note: OSH of note.

Mixed Shelf Offerings: None of note.

Convertible Offering Files: KDMN of note.

Summary From The Trade Exchange bringing traders and investors real time news and Squawk Box.

Earnings Out After The Close Of Note:

 Beats: EQIX +1.44, MC +0.65, NGVT +0.61, XPO +0.52, CINF +0.41, ORLY +0.27, ATUS +0.22, COHR +0.21, PACB +0.20, TLND +0.20, LUMN +0.18, SONO +0.18, CPA +0.17, EFX +0.17, ASGN +0.16, NTB +0.15, IRBT +0.15, AVLR +0.15, NVST +0.14, WTS +0.14, IFF +0.13, CXW +0.13, ZG +0.13, QLYS +0.11, TRMB +0.10, SLF +0.09, EXEL +0.09, ENS +0.08, SSNC +0.08, PI +0.07, KGC +0.05, ACLS +0.05, PAYC +0.05, MGM +0.03, TTGT +0.03, WU +0.03, WH +0.03, MFC +0.02, RP +0.02, STAG +0.02, NLY +0.01, EQR +0.01, HR +0.01, PDM +0.01, REXR +0.01, UBER +0.01, PGRE +0.01

Flat:   CERN +0.00, FR +0.00

Misses: MOH (1.33), BHF (0.64), DCP (0.19), ELY (0.15), ZNGA (0.14), SAVE (0.13), PPC (0.10), BE (0.08), TRUP (0.05), EQC (0.02)

News After The Close:

Qualys (QLYS) Chairman and CEO Philippe Courtot to take medical leave of absence. Sumedh Thakar named Interim CEO.

Index Changes – AMKR to join S&P 400, HNI to join S&P 600 effective 2/16.

MasterCard (MA) to support cryptocurrencies on its network this year.
Dividend Increases: CSX WSR EQIX UPS

Split Announcement:

Raises Guidance: SONO AVLR PAYC Z PI HIBB 

Lowers Guidance: QLYS ORLY

Stock Buyback New Or Increase: IRDM QLYS BHF ORLY

Insider Buys: CALX OSCE BIIB KLDO (source The Trade Exchange)

Erlanger Valuelines: Volatility is on the rise as noted by the blue highlighting. Updated 2/10 Close

Hourly Action – Updated 2/10 close. 

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Quick comment -Futures are  higher  this morning.

S&P 500 +13  Dow Jones Industrial Average +66  NASDAQ +71   Russell 2000 +12.76. Fair values are higher ex the Russell. Asia mostly closed due to Lunar New Year but Hang Sang higher and Europe mixed. VIX is at 26.92 from 26.75  this morning in futures. VIX closed at 21.24 from 20.87 from and the three month futures at 26.65 from 26.52.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro,  higher vs Pound and higher vs Yen. US 10 year Treasury price is at $137 from $136.72 with the yield at 1.148%.

Positive Sectors On Wednesday: Energy, Communications Services  and Real Estate of note.

Negative Sectors On Wednesday:  Industrials, Consumer Cyclical  and Consumer Defensive of note.

One Month Winners: Energy, Financials Real Estate and Industrials  of note.

Three Month Winners: Industrials, Communication Services, Utilities and Financials of note.

Six Month Winners: Consumer Cyclical, Industrials, Technology and Materials of note.

Twelve Month Winners: Technology, Consumer Cyclical, Communication Services and Healthcare of note.

Year to Date: Energy, Materials, Healthcare and Financials of note.

Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)


Friday Before the Open: ENB, D, MCO, FTS, WPC, NWL, LECO, CAE, HUN, PRLB, SPR of note.

Earnings This Morning Of Note:

Beats: LH +7.48, PBF +0.90, MT +0.79, BAM +0.79, FAF +0.75, ZBRA +0.66, POOL +0.65, TSN +0.44, VIRT +0.36, SSTK +0.34, BWA +0.26, CYBR +0.23, NUS +0.22, GNRC +0.16, AB +0.16, TPX +0.15, WSO +0.14, YETI +0.12, KHC +0.06, SON +0.06, IRDM +0.04, ALKS +0.03, AZEK +0.03, DUK +0.02, KIM +0.01, ARES +0.01, VNT +0.01

Flat: THS +0.00

Misses: TAP (0.37), HII (0.18), PEP (0.13), QSR (0.12), UFS (0.11), MAC (0.06), AZN (0.03), TU (0.03), ECOM (0.02)

Still to Report: ALNY, COHU, NSIT, K, NNN, PATK, R

Erlanger Research Advance/Decline Chart –  Updated 2/10 Close.  

Gap Ups & Down In Early Pre-Market:

Gap up:

MESO +46%, MVIS +37%, DMTK +34%, PI +19%, SONO +16%, IRBT +11%, TLND +10%, ZG +9%, NTB +7%, AMKR +7%, HIBB +6%, GNRC +6%, HNI +6%, BLDP +6%, ZNGA +5%, LHDX +5%, YETI +5%, LIVX +5%, CINF +5%, TVTX +4%

Gap down:

FLDM -17%, ELY -11%, COMS -7%, QLYS -6%, NNOX -6%, DCP -6%, SSNC -6%, ENS -6%, TXMD -5%, ATUS -5%, ONTX -4%, TRUP -4%, MGM -4%, ARCC -4%, UBER -4%, MOH -4%, BLBD -4%

Rags & Mags: Highlighted Stories may be clicked through to the original story. 

5 Things To Know Before The Open – (CNBC)

Stocks Making The Biggest Moves –PEP GNRC TPX  (CNBC)

Biggest Analyst Calls of The Day – AAPL TSN PETC EL (CNBC)

Covid Update –  AstraZeneca (AZN) works on variant of Covid in South Africa and pulls vaccine there. (CNBC)

President Biden spoke with Chinese President Xi and did not waiver much from President Trump dogma. (NYT)

GOP Senators call case compelling for impeachment after seeing videos. (CNBC)

Microsoft (MSFT) approached Pinterest (PINS) about a deal to buy the company. (FT)

CVS and Walgreens (WBA) will decide who gets leftover vaccine doses. (WSJ)

Prolonged artic cold to get worse into the weekend. (The Weather Channel)

India farmer’s protest continues in New Delhi. (CNN)

U.S. to sanction Myanmar’s military leaders after coup last week. (CNN)

President Biden pushes for peace in Yemen. (AP)

Robinhood Morning Note focuses on Twitter (TWTR)  and looks chip shortage on Auto industry. Mattel’s Barbie had best year since 2014 and Baby Yoda the best selling toy last year.

Stock Index Trading:

Current through 2/10 close. Overall confidence remains at 100%.

Bold means a change from prior day.


Impeachment proceedings continue today.

The President and The Vice President meet with Senators on the critical need to invest in modern and sustainable American infrastructure; the Secretary of Transportation joins virtually, 10:00 a.m. EST

The President and The Vice President receive the President’s Daily Brief, Oval Office, 11:15 a.m. EST

Press Briefing by Press Secretary Jen Psaki, James S. Brady Press Briefing Room, 12:30 p.m. EST

The President visits the Viral Pathogenesis Laboratory, National Institutes of Health, Bethesda, MD, 3:45 p.m. EST

The President delivers remarks to National Institutes of Health staff, National Institutes of Health, Bethesda, MD, 4:30 p.m. EST

Federal Reserve Cleveland President Loretta Mester speaks at 12:00 p.m. EST.

$27 billion of 30 Year Treasury Notes are auctioned at 1:00 p.m. EST.


Weekly Jobless Claims are due out at 8:30 a.m. EST. Came in above estimates at 793,000.

Weekly Natural Gas Inventories are due out at 10:30 a.m. EST.

Investor, Sellside and Industry Meetings

NUS PYPL ALBO  (Investor Day) CMC (Update) SLB (Fireside Chat)

Sellside: DAIWA Investment Conference (2/8-2/11) Cowen Aerospace/Defense & Industrials Conference Annual Conference (2/9-2/11) Goldman Sachs Technology & Internet Conference (2/10-2/11) Keefe Bruyette & Woods Winter Financial Conference (2/10-2/11) Bank of America Insurance Conference (2/10-2/11) Guggenheim Healthcare Talks Oncology Day (2/11-2/12) BMO Auto Finance Forum (2/11) Morgan Stanley Virtual Chemicals, Agriculture and Packaging Corporate Access Day. (2/11)

Industry Conferences: American Society For Transplantation and Cellular Therapy Mexico Mining Forum (2/10-2/11) American Society of Clinical Oncology (ASCO) Genitourinary Cancer Symposium (2/11-2/13)

M&A Activity:

Zillow (Z) to buy ShowingTime for $500 million.

Upgrades & Downgrades of Note This Morning: Note that downgrades remain prevalent in February. Today’s recs will be included tomorrow.


Wednesday Sellside Recommendations